I need to make a service account that would act as our connection for API keys. Is this possible? I don't care if it consumes a seat.
Absolutely - that is what we do
These links might help
Creating a Jira Service Account with Groups and Pe... - Atlassian Community
and
Manage API tokens for your Atlassian account | Atlassian Support
Atlassian support should be able to help you with this if you get stuck
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