Jira Rest API stoped working(Unauthorized (401))

[Sandeep Kumar]

<?php

$username = 'xxxxxx';
$password = 'xxxxxxxx';
$url = "https://company.atlassian.net/rest/api/2/issue/";
$data_jira = array(
'fields' => array(
'project' => array(
'key' => 'MKT',
),
'summary' => "Test Data",
'customfield_10805' => "123456",
'customfield_10804' => "12345",
'description' => "Test Desc",
"reporter"=> array(
"name"=>"xxxxx"
),
"assignee"=> array(
"name"=>"xxxxxx"
),
"issuetype" => array(
"name" => "Story"),
)

);

$ch2= curl_init();
$headers = array(
'Accept: application/json',

'Content-Type: application/json'
);
curl_setopt($ch2, CURLOPT_RETURNTRANSFER, true);
curl_setopt($ch2, CURLOPT_VERBOSE, 1);
curl_setopt($ch2, CURLOPT_SSL_VERIFYPEER, 0);
curl_setopt($ch2, CURLOPT_SSL_VERIFYHOST, 0);
curl_setopt($ch2, CURLOPT_HTTPHEADER, $headers);
curl_setopt($ch2, CURLOPT_POSTFIELDS, json_encode($data_jira));
curl_setopt($ch2, CURLOPT_URL, $url);
curl_setopt($ch2, CURLOPT_USERPWD, "$username:$password");
$result = curl_exec($ch2);
echo $result;
?>

[Sandeep Kumar · Accepted solution]

Issue resolved.

Here is the reference for someone who got stuck in same situation 

https://developer.atlassian.com/cloud/jira/platform/deprecation-notice-basic-auth-and-cookie-based-auth/?_ga=2.44974372.1868581243.1562784268-1218298538.1562784268