eBay announced Tuesday that it plans to spinoff its PayPal business into a separate, publicly-traded company in 2015. Jim Cramer says he's been waiting for the eBay-Paypal split for a very long time. He says PayPal needs it's own currency because the electronic payment space has gotten very competitive, particularly with Apple. He adds that the move is poorly timed but it's better late than never. Activist investor Carl Icahn had been pushing for a split of the two businesses for almost a year. eBay acquired PayPal for $1.5 billion in 2002. Shares of eBay surged on news of the split.