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BQ2050: DQ bus communication with MSP430

Part Number: BQ2050
Other Parts Discussed in Thread: BQ34Z100

I am using an MSP430 controller to communicate with the battery guage IC (bq2050). The bq2050 has a single line DQ bus communication to transmit the internal parameters of the battery.  The speed of bq2050 is very low at 333 bits/S. If i use GPIO's to implement the DQ bus protocol, it would hold up the host controller (MSP430)  for a long time until all the data is read from bq2050. Is there any alternate way to communicate with the battery guage IC. Please share any sample code if available.

Please suggest if any DQ to UART converter chips modules are available so that i can directly IN/OUT data through the UART.