Seattle-area man buys house using bitcoin-like currency

By Linzi Sheldon | KIRO7

A Seattle-area man used a form of cryptocurrency to buy his first house and ran into one interesting obstacle along the way.

Although cryptocurrency, especially bitcoin, has become popular in recent months with a sudden spike in value, buyer Cary Kuo discovered the real estate industry is still figuring out how to deal with forms of digital currency.

β€œIs it actual money β€” what the heck is it, right?” said Nelya Calev, broker with John L. Scott real estate.

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