Bit bang was used on certain early models of Prime computers, presumably when UARTs were too expensive, and on archaic Z80 micros with a Zilog PIO but no SIO. In an interesting instance of the cycle of reincarnation, this technique is now (1991) coming back into use on some RISC architectures because it consumes such an infinitesimal part of the processor that it actually makes sense not to have a UART.