I emailed one of MtGox's addresses with this idea and just got a form answer back, telling me some nonsense. Somebody running that place, read this:
Create a clone of exchangezone.com except to trade MtGoxUSD. Goxchange.com or something.
You handle all the safe escrow of MtGoxUSD pins.
Now Europeans who want to cash out via SEPA, or local cash methods can do so.
Example:
GoxUSD to SEPA
GoxUSD to Local cash
GoxUSD to LR/WMZ/PM/anything
GoxUSD to Ukash/PSC
GoxUSD to
? whatever people want.
So if I'm a German and want to buy 3,000EUR worth of trading into MtGox I just go on this site, find somebody with it, and initiate transfer. System tells me they have received the Pin codes in escrow and it's safe to send this unknown guy money. (Your system takes their MtGox pin code, then changes it so they can't run away with it)
I send him 3k SEPA. He receives, then releases the codes to me through the system.
I then can instantly trade on Gox no waiting days for them to verify a transfer.
IRL you could be a cash exchanger, and then walk around with your phone and take cash payments, then in front of the buyer release them the MtGox pin code to their account.
Win/win? Liberty Reserve created exchangezone.com (free escrow) so they can expand trading into their system. Don't see how this wouldn't work for mtgoxUSD (or TradehillUSD..CryptoXchangeUSD..ect) Would only work if MtGox ran the site themselves for safe escrow, at zero fees just like exchangezone. Then traders can both negotiate fees between each other, significantly less than paying directly into MtGox itself. Yes, people can trade MtGox here but there's endless threads to go through. This is one easy point and click system.
